Uncommon Cents Investing LLC Raises Holdings in Bunge Global SA (NYSE:BG)

Uncommon Cents Investing LLC lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,560 shares of the basic materials company’s stock after purchasing an additional 900 shares during the period. Uncommon Cents Investing LLC’s holdings in Bunge Global were worth $3,441,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Bunge Global by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 18,954,832 shares of the basic materials company’s stock worth $1,913,490,000 after acquiring an additional 578,065 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Bunge Global by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,138,378 shares of the basic materials company’s stock worth $215,879,000 after acquiring an additional 42,592 shares during the last quarter. LSV Asset Management boosted its position in Bunge Global by 86.8% during the fourth quarter. LSV Asset Management now owns 1,430,760 shares of the basic materials company’s stock worth $144,435,000 after acquiring an additional 664,632 shares during the last quarter. Norges Bank acquired a new stake in Bunge Global during the fourth quarter worth approximately $128,092,000. Finally, Royal Bank of Canada boosted its position in Bunge Global by 55.8% during the third quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company’s stock worth $66,402,000 after acquiring an additional 219,819 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Christos Dimopoulos sold 20,000 shares of Bunge Global stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the sale, the insider now owns 87,999 shares of the company’s stock, valued at approximately $9,086,776.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Citigroup lifted their price target on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Bunge Global Stock Down 0.9 %

Shares of NYSE:BG traded down $0.99 during midday trading on Thursday, hitting $109.39. 745,792 shares of the company’s stock traded hands, compared to its average volume of 1,305,536. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99. The company has a market cap of $15.49 billion, a PE ratio of 8.81 and a beta of 0.67. The firm’s fifty day moving average price is $104.70 and its two-hundred day moving average price is $99.74. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.49. The business had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The business’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.26 EPS. On average, equities research analysts anticipate that Bunge Global SA will post 9.03 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio (DPR) is 21.90%.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.